Even though markets are flat, EUR/CAD & EUR/AUD are up and make this list of surprising top currencies gainers.
Markets are mixed with USD/JPY drawing back 1.07% to 137.62. USD/CHF slipping 0.58% and closing at 0.9404.
What are surprising gainers?
Surprising Gainers are low-performing assets that have jumped up in a way that is inconsistent with their past behavior and gained more than their expected daily return, thus making them surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
Kicking off the session at 1.3904, EUR/CAD currency pair peaks at 1.4059
As the session continues, it seems to maintain one direction — EUR/CAD rallies 151 pips (1.09%) deep into the session, trading at 1.4057.
Euro-Aussie dollar currency pair posts 1.13% gain
This session seems to remain in the same lane for now — tentatively higher from an earlier low of 1.5396, Euro-Aussie dollar is up to 1.5571 today, adding 173 pips, or 1.13%, to Friday's closing price of 1.5397.